Netflix Confident Of Its 'Incredible Entertainment Value' As Recession Fears Intensify, Greg Peters Says $7.99 Ad Plan Engagement Remains 'Strong And Healthy' - Netflix (NASDAQ:NFLX)
1. Co-CEO Greg Peters reassures confidence in Netflix's ad plan amid recession fears. 2. First-quarter revenue reached $10.54 billion, exceeding expectations by $0.02 billion. 3. Netflix projects strong second-quarter revenue of $11.04 billion with $6.61 EPS. 4. Historical resilience of entertainment during economic downturns supports Netflix's strategy. 5. Netflix shares increased by 1.19%, up nearly 9.73% year-to-date.